Can I retire at age 55 with 10,900,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $10,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18%
1 years$900,112$892,094$884,272$876,637$869,181$841,022
2 years$445,600$437,301$429,258$421,460$413,896$385,790
3 years$294,116$285,781$277,758$270,033$262,593$235,422
4 years$218,389$210,079$202,137$194,544$187,283$161,256
5 years$172,964$164,705$156,867$149,428$142,370$117,556
6 years$142,691$134,494$126,772$119,499$112,652$89,073
7 years$121,076$112,948$105,348$98,247$91,616$69,268
8 years$104,872$96,817$89,343$82,417$76,005$54,872
9 years$92,275$84,297$76,951$70,201$64,007$44,065
10 years$82,204$74,303$67,088$60,514$54,537$35,756
11 years$73,969$66,148$59,063$52,665$46,904$29,248
12 years$67,112$59,371$52,417$46,194$40,646$24,077
13 years$61,314$53,654$46,831$40,783$35,444$19,921
14 years$56,349$48,770$42,078$36,202$31,070$16,550
15 years$52,049$44,552$37,991$32,286$27,356$13,795
16 years$48,291$40,876$34,444$28,909$24,178$11,530
17 years$44,978$37,645$31,343$25,974$21,438$9,659
18 years$42,037$34,786$28,612$23,408$19,061$8,107
19 years$39,408$32,239$26,193$21,151$16,990$6,815
20 years$37,046$29,958$24,039$19,156$15,176$5,736
21 years$34,911$27,905$22,111$17,386$13,580$4,833
22 years$32,972$26,048$20,379$15,808$12,173$4,076
23 years$31,205$24,362$18,816$14,396$10,927$3,440
24 years$29,588$22,826$17,402$13,130$9,822$2,905
25 years$28,102$21,421$16,117$11,991$8,838$2,455
26 years$26,733$20,132$14,948$10,964$7,961$2,075
27 years$25,467$18,947$13,881$10,036$7,177$1,755
28 years$24,294$17,853$12,904$9,195$6,476$1,485
29 years$23,203$16,843$12,008$8,432$5,848$1,256
30 years$22,188$15,906$11,185$7,738$5,284$1,063
31 years$21,239$15,037$10,428$7,107$4,777$900
32 years$20,352$14,228$9,729$6,532$4,321$762
33 years$19,520$13,474$9,084$6,006$3,911$645
34 years$18,739$12,770$8,488$5,526$3,541$547
35 years$18,004$12,112$7,935$5,087$3,207$463
36 years$17,312$11,496$7,423$4,685$2,906$392
37 years$16,658$10,919$6,948$4,317$2,634$332
38 years$16,041$10,377$6,507$3,979$2,388$281
39 years$15,456$9,867$6,096$3,669$2,165$238
40 years$14,902$9,388$5,714$3,384$1,964$202
41 years$14,376$8,936$5,358$3,122$1,782$171
42 years$13,877$8,511$5,026$2,881$1,617$145
43 years$13,403$8,109$4,716$2,660$1,467$123
44 years$12,951$7,730$4,427$2,456$1,332$104
45 years$12,520$7,371$4,157$2,268$1,209$88
46 years$12,110$7,032$3,904$2,095$1,098$75
47 years$11,718$6,710$3,668$1,936$997$63
48 years$11,343$6,406$3,447$1,789$905$54
49 years$10,985$6,117$3,240$1,653$822$45
50 years$10,642$5,843$3,046$1,528$747$39

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $10,900,000, adding $4,588 every year, while hoping to spend $31,317 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 38/42/20 Blend
54$10,900,000$10,900,000$10,900,000$10,900,000
55$12,016,533$11,438,833$11,269,883$12,400,936
56$13,208,898$11,966,014$11,614,103$13,206,180
57$14,521,835$12,517,978$11,968,804$14,072,556
58$15,967,609$13,095,906$12,334,306$15,008,232
59$17,559,734$13,701,035$12,710,935$16,019,482
60$19,313,105$14,334,664$13,099,029$17,113,183
61$21,244,132$14,998,152$13,498,936$18,296,878
62$23,370,897$15,692,926$13,911,015$19,578,843
63$25,713,328$16,420,479$14,335,634$20,968,157
64$28,293,384$17,182,378$14,773,173$22,474,784
65$31,135,259$17,980,265$15,224,025$24,109,661
66$34,265,618$18,815,860$15,688,592$25,884,795
67$37,713,843$19,690,969$16,167,292$27,813,371
68$41,512,310$20,607,482$16,660,551$29,909,868
69$45,696,698$21,567,381$17,168,812$32,190,193
70$50,306,323$22,572,744$17,692,529$34,671,818
71$55,384,509$23,625,750$18,232,170$37,373,943
72$60,978,999$24,728,681$18,788,217$40,317,667
73$67,142,403$25,883,933$19,361,169$43,526,177
74$73,932,696$27,094,013$19,951,535$47,024,964
75$81,413,764$28,361,553$20,559,845$50,842,047
76$89,656,009$29,689,310$21,186,641$55,008,237
77$98,737,011$31,080,176$21,832,483$59,557,410
78$108,742,263$32,537,181$22,497,947$64,526,820
79$119,765,973$34,063,502$23,183,628$69,957,443
80$131,911,960$35,662,472$23,890,138$75,894,348
81$145,294,628$37,337,581$24,618,105$82,387,110
82$160,040,049$39,092,491$25,368,181$89,490,273
83$176,287,153$40,931,042$26,141,033$97,263,842
84$194,189,035$42,857,256$26,937,351$105,773,845
85$213,914,409$44,875,354$27,757,844$115,092,937
86$235,649,191$46,989,758$28,603,244$125,301,073
87$259,598,259$49,205,106$29,474,303$136,486,246
88$285,987,386$51,526,262$30,371,798$148,745,306
89$315,065,373$53,958,322$31,296,527$162,184,849
90$347,106,394$56,506,633$32,249,313$176,922,216
91$382,412,586$59,176,798$33,231,005$193,086,572
92$421,316,902$61,974,693$34,242,476$210,820,117
93$464,186,253$64,906,479$35,284,625$230,279,396
94$511,424,970$67,978,616$36,358,379$251,636,767
95$563,478,626$71,197,878$37,464,694$275,081,999
96$620,838,236$74,571,364$38,604,552$300,824,041
97$684,044,898$78,106,523$39,778,966$329,092,973
98$753,694,896$81,811,160$40,988,979$360,142,153
99$830,445,332$85,693,464$42,235,667$394,250,576
100$915,020,329$89,762,017$43,520,136$431,725,488